Answer-The Reserve Bank of India (RBI) has prohibited _________ from lending under two products — Insta EM...

The Reserve Bank of India RBI has barred Bajaj Finance from lending under two products Insta EMI and eCOM citing violations of certain provisions of the digital lending guidelines. This includes the non-issuance of key fact statements KFS to borrowers for these two lending products and deficiencies in KFS issued for other digital loans sanctioned by the company. The Insta EMI card, a virtual card, enables customers to shop for 1 million products offered by the company at no-cost EMI. A pre-approved loan of Rs 2 lakh is also available with this card, featuring a repayment tenure of up to 60 months.

Question

The Reserve Bank of India (RB

I has prohibited _________ from lending under two products — Insta EMI and eCOM due to violations of certain provisions of the digital lending guidelines. The Insta EMI card, a virtual card, enables customers to shop for 1 million products offered by the company at ‘no-cost EMI’. A pre-approved loan of ____ is also available with this card, featuring a repayment tenure of up to 60 months. Fill in the correct options for the information provided above-

A Bajaj Finance ; Rs. 2 lakh

B Aditya Birla Capital; Rs.4 lakh

C Muthoot Fincorp; Rs.7 lakh

D Shriram Finance Ltd.; Rs.10 lakh

E None of these

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